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20120925
20120925
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late in the day the dow well 101 points. media jumped all over romney's remark. you hear very little when his opponent makes the gaff. is obama giving him a free ride? ann coulter is going to weigh in. the candidates are laying out their vision of the economy and the world. >> good evening. >> good evening, larry, foreign policy took front stage in the national campaign today as both candidates were in new york today making their arguments around the world starting with president obama addressing the general assembly today. >> there are no words that excuse the killing of innocence. there is no video that justifies an attack on an embassy. there is no slander that provides an excuse for people to burn a restaurant or cause death and destruction in pakistan. >> meanwhile, mitt romney was over at the clinton initiative where he talked about how he would handle foreign policy. he said he would handle the way the united states handles foreign aid. >> a temporary aid package can give the economy a boost and employ people for a time but it can't sustain a economy for a long-term. it can't
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
in cnbc's exclusive all-american survey today. mitt romney edges the president on who will be better to curb out debt and deficit. but the president is ahead on who's better to get the economy back on track. steve liesman is here with the disconnect. >> we've been puzzling over this all day. i want to show you the results we have from our national survey of 800 americans. take a look on the economy. who would be better over the next four years. first of all, we asked people, are you better or worse with compared to the last four years? no question here. 55 to 27 definitively, things are worse. what about who's better over the next four years? obama beats romney by nine point. that's more than other surveys out there. caution here, weak survey. other surveys more interested in the political side. they survey registered and likely voters. how about jobs? six to two, worse on jobs. who's better? obama wins. the one place where romney wins is as maria said, on the next one, on the deficit. overwhelmingly, people think the deficit is worse than it was four years ago. they're right. they s
and the first-ever es hybrid. this is the pursuit of perfection. >>> finally mitt romney has something to feel good about. paychecks gives a specific read about hiring in america. i don't want to be glib here, but last night they are facing a tough environment but the quarter wasn't terrible. revenues came in light. i thought that was the important key metric. however, the growth here seems to be decelerating. we need to get a handle on the growth situation. >> i red three these various downgrades, it seems like they thought their pay roll numbers were this number that we cared so much about which was the actual 2.2% revenue number and suddenly it didn't matter. >> we thought it was a good start to the year for us. >> what do you think was more of a headwind for you? >> well, i think it is about new business start-ups. we think that is going to be new business start-ups now. >> this is a terrific performer. the analysts who are negative. p payroll service revenues were plus one percent. >> we expected this. timing of this, we feel clients are hiring and we feel there are positive signs. and we
to the upcoming election. there's such a divergence of opinion between president obama and senator romney, where they want to take the country and what direction it would be. i think corporations are just holding back cash. i think individuals are holding back cash too. we're seeing less investment in the marketplace. if we're going see the fiscal cliff, which i'm sure we'll talk about throughout the day, but if we're going to see the bush tax cuts roll off, we're talking about dividends going up significantly. right now you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of novembe
on whether americans think obama or romney have the better plans for the economy and check out the full survey results, make sure you go to cnbc.com to get all the information on this survey. simon? >> interesting, steve, thank you very much. >>> let's get a market flash with seema mody. >> finally look at ashland, a specialty chemical firm moving lower in today's trade after the posting a 9.7% sequential drop in august sales for its specialty ingredient he is segment, the biggest contributory overall sales. european seasonality cited as one of the reasons for the drop. look at shares down 6%. back to you, simon. >> thank you very much. >>> the traffic is especially bad in no, this week because of the united nations general assembly but bad enough to cause this? we will show you what happened next on "power lunch." >>> plus, she's commonly referred to around cnbc as chair bair. now, she rk, shelia bair is sof on her chair at the fdic. quotes like this are taking people by surprise. "tim geithner had been the bail out irin chief during the trait crisis. as president of the new york fed,
. >> and this is important with romney saying he's not being tough enough on iran. and the papers this morning have a peace symbol. very potent particularly on this day in the jewish calendar. >>> shares of caterpillar are down this morning due to concerns about the global economy. and specifically capital expenditure from commodity producers. what does cat's warning mean for global investors? let's go trade in the globe. tim seymour is joining us from asset management and founder of the mergemoney.com. what does it mean? >> well, if you look at what caterpillar said in 2012, it is different than 2011 when they said the world is a wash in demand. they were concerned about meeting capacity. yesterday they were really saying and pointing squarely at dealers in china and even in latin america where they think there's an inventory overhang they need to work through. the bottom line is they are saying the world is moderately better. that we're going to see somewhat tempered but real global growth. and i think to go out and sell miners here on the back of what caterpillar says is cautious. if you listen to what
hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >> if you think about all the other industries that have gotten more competitive, more profitable, the banking sector and insurance sector have been laggards behind it and they employ a lot of people. so they'll see significant layoffs. interesting for goldman, they're cutting all of their highest paid people. so it's not a great time. i think the industry is as bad as i've seen it. >> so how bad is it going to get? joining us for more is bank equity research and european banking editor. welcome to you both. do you agree with meredith whitney, is it as bad as you've seen it and are there a lot more job cuts to come? >> yeah, i think it's pretty bad. i think it all kind of centers around what's going on with the
Search Results 0 to 7 of about 8

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